InvestBaboo

Visa: Not Everywhere I Want to Be

In my prior post above I gave a target of mid 60's to Visa based on chart reads completely discounting the ramblings of this author. How did I do that? The charts told me. As I have said a thousand times on SeekingAlpha -- the charts tell us what people are doing not what they they will do.

Visa's high was $68 today. Close was 64 and change.

Why is the Market Ignoring American Express's Bad Report?

Dear Opportunistic Investor:

You say AXP stock gains will be short lived and downtrend will resume. On what basis do you say this other than your own gut feeling?

There is a problem making predictions like you do. You are almost always wrong and this time will be no exception.

For answers we look at the charts.

As per the Daily charts AXP started breaking through various resistance levels starting 03/18/2009. Since then it has broken through 5 major resistance levels. For the past 2 weeks AXP has shown strong buy signals on weekly charts. Assuming the next 4 weeks bring no major financial disaster news it looks like AXP is set to start breaking new ground in both the daily and weekly charts.

Follow the trend, my friend, and leave your own prognostications and gut feelings aside. You will do better. When the trend ends you end your position and come back here and post messages why the trend ended and almost anything you say will sound believable and you will sound off like a hero.

Why is the Market Ignoring American Express's Bad Report?

You ask "Why is the market ignoring American Express' bad earnings?"

The answer -- the market is looking ahead. You are looking in the rear view mirror.

Can a Stock Market Meltdown Happen from Here?

So now we have to go find a fruitcake in Germany to tell us the the U.S. markets are going down? Seriously, this is outsourcing gone to the extreme! I did a little lookup on Google but unfortunately no stellar record of that sort turned up or maybe it is that I don't understand German and can't read a record right.

All I found was that this fruitcake has been a Goldbug for years -- you know the sort that thinks that civilized world is coming to an end and guns and ammunition and a cabin up in the woods with gold buried in the backyard is the safest course of action for all to follow. Or do I really have this down all wrong?

Dear author (or another worldly SeekingAlpha reader), could you please publish the Fruitcake's Munich fund's performance just for the record? If he truly called the financial meltdown AND THEN this recent rally almost precisely plus or minus a few points on the S&P and now an impending immense meltdown then this genius is probably on his way to loads of personal wealth and a fund track record that will put all money managers to shame.

Visa: Not Everywhere I Want to Be

Sorry author Dude.

V has registered a strong BUY signal on the charts.

Entry level = Current Price ($59.13 today's closing price)
Stop Loss = 54
Price Target - Mid 60's

Watch this unfold.

Credit Card Breakdown: AmEx Disappoints, as Predicted

I am not worried about MA beating the results handily.

I am worried about what they will say on a going-forward basis. Just a couple of months back MA management came out and took the highest analysts eps number and called it low and increased guidance! The stock shot to 300+ and the shorties came out driving it to current levels. The shorties don't believe that MA growth can be sustained and that the macroeconomic environment will eventually start affecting them.

As pointed out in above posts there is a fundamental lack of understanding of the dynamism of developing countries where the populations largely operate using cash and the massive switch that is happening to MA and Visa issued plastic. So even with a cloudy macroeconomic situation one would argue that more and more cards are being issues in these developing countries and more and more transactions are moving to plastic from cash.

Comments welcome!